U.S. to sign $1 bln loan agreement with Ukraine soon

U.S. Vice President and Ukrainian President agreed to sign a deal on $1 bln tranche of loan guarantees soon

U.S. Vice President Joe Biden and Ukrainian President Petro Poroshenko, during a phone conference on Friday, agreed to sign the bilateral agreement on the provision of the third tranche of loan guarantees in the amount of USD 1 billion to Ukraine shortly, Joinfo.ua reports with reference to the Presidential press service.

President of Ukraine Petro Poroshenko had a phone conversation with U.S. Vice President Joe Biden on Friday.

President Poroshenko informed also on measures aimed at improving public finance system and business climate in Ukraine. He is hopeful that the results of reforms in Ukraine would intensify support for our country by the United States, IMF and other international partners of Ukraine.

The parties agreed to sign the bilateral agreement on the provision of the third tranche of loan guarantees in the amount of USD 1 billion to Ukraine shortly.

The parties also discussed the situation in Donbas and the results of ministerial negotiations in the Normandy format, and coordinated further consolidated international sanction pressure on Russia during the G7 Summit in Japan on May 26-27 aimed at achieving real de-escalation of the situation.

It should be recalled that on April 1, 2016, in the course of the Nuclear Security Summit in Washington, the U.S. President Barack Obama confirmed willingness to provide the third tranche of $1 bln loan guarantees to Ukraine.